Y Intercept Hong Kong Ltd Takes $1.52 Million Position in Bristow Group Inc. $VTOL

Y Intercept Hong Kong Ltd bought a new stake in Bristow Group Inc. (NYSE:VTOL) during the first quarter, HoldingsChannel reports. The firm bought 32,434 shares of the company’s stock, valued at approximately $1,521,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Bristow Group by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after purchasing an additional 71,638 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bristow Group by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,707,518 shares of the company’s stock worth $62,529,000 after purchasing an additional 29,192 shares during the last quarter. Taconic Capital Advisors LP raised its stake in shares of Bristow Group by 6.4% during the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock worth $43,885,000 after purchasing an additional 80,000 shares in the last quarter. State Street Corp raised its stake in shares of Bristow Group by 3.5% during the 4th quarter. State Street Corp now owns 1,050,646 shares of the company’s stock worth $38,475,000 after purchasing an additional 35,080 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Bristow Group by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 755,388 shares of the company’s stock valued at $27,662,000 after buying an additional 22,680 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VTOL. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Bristow Group currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Stock Performance

Shares of VTOL traded up $0.47 during mid-day trading on Friday, reaching $43.62. The company’s stock had a trading volume of 156,915 shares, compared to its average volume of 285,286. Bristow Group Inc. has a 1-year low of $32.76 and a 1-year high of $50.38. The stock has a market cap of $1.29 billion, a P/E ratio of 11.36 and a beta of 1.23. The business has a 50-day simple moving average of $42.64 and a two-hundred day simple moving average of $43.65. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). Bristow Group had a return on equity of 11.10% and a net margin of 7.51%.The business had revenue of $388.71 million for the quarter, compared to analyst estimates of $383.68 million. As a group, equities research analysts anticipate that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 15th. Bristow Group’s payout ratio is currently 13.02%.

Bristow Group Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.